By Sean McLain
Tesla's net income slid 71% in the first quarter, as the company struggled to overcome competitive pressure overseas and a reputational hit from Chief Executive Elon Musk's polarizing role in the Trump administration.
The company also reported adjusted earnings-per-share of $0.27, which missed analysts' expectations of $0.41.
Tesla's core auto business is under pressure. The company's global vehicle deliveries fell 13% in the first quarter, partly because of a consumer backlash against the brand in response to Musk's role as President Trump's cost-cutting czar. Tesla has faced protests across the U.S. and Europe, and some of its stores and charging stations have been vandalized or even set on fire.
-- This breaking-news article will be updated.
Write to Sean McLain at sean.mclain@wsj.com
(END) Dow Jones Newswires
April 22, 2025 16:13 ET (20:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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